3 Blockchain Exchange that you can trust

The Blockchain Transparency Institute has recently unraveled its annual “Exchange Volumes Report” this December 2018. The report by BTI finds that cryptocurrency exchanges say exaggerated volume figures that are entirely different from the amount reported by CoinMarketCap. We already posted the list of the 12 Top Exchange under 1% of real volume rate in a recent article. Fortunately, today we are sharing with you the 3 trusted exchange according to the Blockchain Transparency Institute.

3- Coinbase:

Based in San Francisco, California, Coinbase is a blockchain exchange that broker exchanges of Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin in addition to fiat currencies in approximately 32 countries, and bitcoin transactions and storage in 190 countries worldwide.

Headquarter: San Francisco, California

24h volume: $159,777,775

Volume/visitor: $371

Total Active Users: 323,409

CoinMarketCap Rank: 28

BTI rank: 5

2- Kraken

Kraken is a US-based cryptocurrency exchange operating in Canada, the EU, Japan, and the US, and “the world’s largest bitcoin exchange in euro volume and liquidity”. Kraken provides Bitcoin pricing to the Bloomberg Terminal.

Headquarter: San Francisco, California

24h volume: $161,066,450

Volume/visitor: $2,542

Total Active Users: 41,181

CoinMarketCap Rank: 31

BTI rank: 4

1- Binance

Binance is an international cryptocurrency exchange founded by Changpeng Zhao in China in 2017, and is currently headquartered in Japan due to the Chinese cryptocurrency trading ban for financial firms, and it’s willing to change its headquarter to Malte. Its is one of the largest cryptocurrency exchanges today.

Headquarter: Japan

24h volume: $803,572,552

Volume/visitor: $1,445

Total Active Users: 361,458

CoinMarketCap Rank: 2

BTI rank: 1

The Blockchain Transparency Institute stays, until this day, a mysterious question, especially, after looking to their list of “trusted” exchange. In fact, 2 of their top 5 trusted platforms are Bitfinex(rank 2) from where more than $70 millions was stolen between 2016 and 2017, and Upbit (rank 3) which was ,lately in 2018, raided as part of a fraud probe.

This article is for information purposes only and represents neither investment advice, nor an investment analysis or an invitation to buy or sell financial instrument.

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